Bank Pembangunan Malaysia Berhad (BPMB), the government-owned development financial institution, appointed Datuk Muzaffar Hisham as its new Group Chief Executive Officer with effect from 18 May 2025. Muzaffar joins BPMB from Maybank Islamic Berhad, where he served as Group CEO, and brings over two decades of banking experience.
The appointment was announced by BPMB in a statement on 18 May 2025, shortly after SME Bank and Exim Bank became BPMB subsidiaries on 1 May 2025.
BPMB'S MANDATE
Bank Pembangunan Malaysia was established to provide medium and long-term financing for sectors considered strategically important to Malaysia's national development, including infrastructure, maritime, technology and capital-intensive industries.